Best Life Insurance Companies in Pittsburgh, PA

Mass Mutual is the best life insurance company for the average adult in Pittsburgh. If you are a smoker, State Farm is the best company, while MassMutual is the best option for seniors. Young people in Pittsburgh will get the best life insurance from Transamerica. Pittsburgh life insurance rates can be as low as $10 per month for $250K in coverage and $17 for the state recommended coverage.

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Advertising & Editorial DisclosureLast Updated: 12/22/2022
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Life insurance provides a financial lifeline for your beneficiaries when you pass away. There are numerous life insurance companies in Pittsburgh, but the best option for you will depend on your needs and profile.

MoneyGeek broke down the best life insurance companies in Pittsburgh for different profiles, including for average adults, smokers and seniors. We also highlighted the most popular life insurance companies and those with the largest market share in Pittsburgh.

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2023

Best Life Insurance Companies in Pittsburgh, PA, for 2023

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Best Cheap Life Insurance in Pittsburgh

Mass Mutual offers the cheapest life insurance in Pittsburgh for males and females, at $10 per month for $250K in coverage. Although this level of coverage is affordable, it may not be sufficient for most people.

In Pittsburgh, the state-recommended coverage amount is $718,000. This recommended coverage is based on state-specific factors like the cost of living, average personal debt and average income, among other factors.

For the state-recommended coverage of $718,000, Nationwide offers the cheapest life insurance in Pittsburgh, PA at an average monthly cost of $16 for women and $18 for men.

Cheapest Life Insurance Companies for Males and Females in Pittsburgh
  • Cheapest For
    $250K Coverage
    $718K Coverage (Recommended)
  • Male

    MassMutual

    Nationwide

  • Female

    MassMutual

    Nationwide

Life Insurance Costs in Pittsburgh for Men and Women

Life insurance rates vary depending on gender. Men in Pittsburgh pay marginally higher rates (0.41%) than the state average, while women pay 3% less.

In Pittsburgh, life insurance for men costs an average of $18 per month for $250K in coverage, while the same coverage for women costs $16 per month.

For life insurance with coverage of $718K, the recommended coverage in Pittsburgh, men pay an average of $41 per month, while women pay an average of $31 per month.

Pittsburgh life insurance rates for different term lengths also vary between men and women. For a 10-year term life insurance policy, men pay an average of $25 per month, while women pay an average of $20 per month.

Average Monthly Life Insurance Rates in Pittsburgh: Men

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Nationwide
    $11
    $18
  • MassMutual
    $10
    $18
  • Mutual of Omaha
    $11
    $19
  • Transamerica
    $14
    $29
  • State Farm
    $19
    $37
  • AAA
    $19
    $44
  • Progressive Life
    $23
    $50
  • Prudential
    $21
    $57
Average Monthly Life Insurance Rates in Pittsburgh: Women

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Nationwide
    $11
    $16
  • Mutual of Omaha
    $12
    $17
  • MassMutual
    $10
    $17
  • Transamerica
    $10
    $19
  • AAA
    $14
    $28
  • State Farm
    $18
    $32
  • Prudential
    $21
    $34
  • Progressive Life
    $15
    $44

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Pittsburgh using average buyer profile statistics, including the average age of 33, the average weight of 194 pounds for males and 153 pounds for females, and an average coverage need of $718,000.

woman icon
LIFE INSURANCE OFTEN COSTS LESS FOR WOMEN

Gender is a significant factor in the cost of life insurance. On average women pay less for life insurance than men because women have a higher life expectancy.

Factors, such as a higher susceptibility to heart disease, lead to a shorter life expectancy for men and make life insurance premiums more costly.

Although life insurance is cheaper for women, studies show that more men buy life insurance than women. However, life insurance is just as important for women because they also play a role in the financial security of their families.

Most Popular Life Insurance Companies in Pennsylvania

The most popular life insurance companies in Pennsylvania by market share are Prudential Financial Inc. and Lincoln Financial, each with 7% market share; and Northwestern Mutual with a 6% market share. The seven most popular companies in the state comprise 37% of the total life insurance market share in Pennsylvania.

You can look up the most popular life insurance companies in Pennsylvania and their respective market shares in the table below.

Most Popular Life Insurance Companies in Pennsylvania

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  • Company
    Market Share
  • Prudential
    7%
  • Lincoln Financial
    7%
  • Northwestern Mutual
    6%
  • MassMutual
    5%
  • State Farm
    4%
  • John Hancock
    4%
  • New York Life
    4%
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MONEYGEEK DICTIONARY

Market share is an indicator of a company’s dominance in the market compared to its competitors. For this analysis, MoneyGeek used market share data from the 2020 S&P Global reports on total premiums written in Pennsylvania.

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Cheapest Life Insurance for Young People in Pittsburgh

Life insurance quotes in Pittsburgh for young people can vary from an average monthly cost of $15 to $24. The cheapest life insurance companies for young people in Pittsburgh are:

  • Transamerica: $15 per month
  • Mutual of Omaha: $17 per month

You can find the average life insurance rates for young people by company in the table below.

Best Life Insurance Companies for Young People in Pittsburgh, PA

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  • Company
    Monthly Cost
  • Transamerica
    $15
  • Mutual of Omaha
    $17
  • MassMutual
    $17
  • AAA
    $19
  • Prudential
    $21
  • State Farm
    $21
  • Nationwide
    $21
  • Progressive Life
    $24

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Pittsburgh who is 5 feet 10 inches tall and weighs 165 pounds with a 20-year term contract at the average coverage need of $310K. We chose a 20-year term to provide a longer coverage period for a younger buyer.

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LIFE INSURANCE IS CHEAPER FOR YOUNG PEOPLE

Since life expectancy is a major factor in the cost of life insurance, younger people typically pay lower rates. As you age, your premiums will increase. One of the best ways to save money on your life insurance is to buy life insurance when you are young.

Cheapest Life Insurance for Seniors in Pittsburgh

Life insurance rates for seniors in Pittsburgh can range from $38 to $89 per month. If you are a senior, the cheapest life insurance companies in Pittsburgh are:

  • MassMutual: $38 per month
  • Mutual of Omaha: $43 per month

You can look up life insurance rates for seniors by company in the table below.

Best Life Insurance Companies for Seniors in Pittsburgh, PA

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  • Company
    Monthly Cost
  • MassMutual
    $39
  • Mutual of Omaha
    $44
  • Nationwide
    $44
  • State Farm
    $52
  • Progressive Life
    $69
  • AAA
    $73
  • Prudential
    $80
  • Transamerica
    $89

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Pittsburgh who is 5 feet 10 inches tall and weighs 194 pounds with a 10-year term contract at the average coverage need of $93K.

seniors icon
LIFE INSURANCE COSTS MORE FOR SENIORS

Seniors typically pay higher rates for life insurance because they have a lower life expectancy. Most seniors are sufficiently covered with lower amounts, such as our sample policy’s $93K coverage level.

Seniors can get insured for lower coverage levels since they are less likely to have young dependents, which limits the need to cover future income for beneficiaries.

Cheapest Life Insurance for Smokers in Pittsburgh

Smokers in Pittsburgh pay between $128 to $236 per month for life insurance. The most affordable life insurance companies in Pittsburgh if you are a smoker are:

  • State Farm: $128 per month
  • MassMutual: $129 per month

You can look up life insurance rates for smokers by company in the table below.

Best Life Insurance Companies for Smokers in Pittsburgh, PA

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  • Company
    Monthly Cost
  • State Farm
    $128
  • MassMutual
    $129
  • Nationwide
    $134
  • Mutual of Omaha
    $136
  • Transamerica
    $146
  • Progressive Life
    $198
  • Prudential
    $199
  • AAA
    $236

Rates were determined by analyzing quotes for a 33-year-old male smoker in Pittsburgh who is 5 feet 10 inches tall and weighs 194 pounds with a 20-year term contract at the average coverage needed of $718K.

girlThinking icon
LIFE INSURANCE IS VERY EXPENSIVE FOR SMOKERS

Since smoking is a risk factor for many health conditions that reduce life expectancy significantly, insurers usually charge higher rates to insure smokers. However, you can still find affordable life insurance by comparing the cheapest life insurance companies for smokers. Smokers can also save on costs by buying a longer (20-year) term policy to provide extended coverage since rates increase exponentially for smokers as they age.

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Methodology

MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economics, average mortgage debt, average personal debt and average age. Keep in mind that each buyer is unique and may need more or less coverage depending on their specific circumstances.

About the Author


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


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